Joining a Forex Affiliate Program – Solid Way to Diversify Your Portfolio

Maximize Profits with Leading Forex Affiliate Programs

Referral programs are common marketing tools that allow brokerage firms to find new customers through personal referrals and channels. This approach became highly popular due to the increasing popularity of online trading and the increasing number of investors.

These trends helped affiliates grow a sufficient amount of money by getting a cut from every converted lead, which can be combined with various bonuses and rewards. Individuals and service providers can join Forex affiliate programs to expand their revenue streams and diversify their business lines.

What are Affiliate Programs?

An affiliate is a marketing partner that helps a business locate and acquire new customers without comprehensive social media marketing or advertising. For example, a brokerage firm can rely on one or a network of affiliates to refer new clients using the affiliate’s network.

Successful affiliates utilise their connections with related personnel and financial investors to spur their interest in the broker’s services and help start their trading activities on the source brokerage platform.

In exchange, the FX affiliate receives remuneration for each converted client, besides other commissions for trading volume and returns. This approach creates win-win scenarios for brokers and affiliates, allowing businesses to save marketing costs and individuals to utilise their network and connections.

Top Affiliate Programs That You Can Join

This industry has developed massively over the years, and today, you can find affiliate agencies that work solely on referring services to clients of all industries. However, individuals can still find their fit in different programs across various brokerage platforms.

eToro

eToro is a renowned crypto exchange platform and a Forex and CFD broker that provides a wide range of securities and markets for tens of thousands of investors.

eToro’s referral program offers various marketing materials and payment programs to support the intermediary’s success. There are different programs that affiliates can choose and customise to fit their capacity and requirements, each with unique landing pages and detailed widgets.

AvaTrade

AvaTrade is a famous CFD and Forex trading platform that offers multi-lingual brokerage and affiliate services. Being highly regulated by various top-class jurisdictions is XM’s unique selling point, besides offering hundreds of financial instruments.

Its massive partner network spans 70,000 partners across 150 countries that enjoy regulator payments, advanced marketing tools and a dedicated account manager. The broker has recently reported a total payout of $25 million in partners’ commissions.

XM

XM is a globally recognised broker with a broad range of tradeable securities and trading venues, serving 10+ million customers from 190 countries.

XM offers various competitions and affiliate campaigns that suit different intermediaries, from CPA programs to market-specific affiliate systems. The CPA affiliate system offers up to a $650 reward per converted lead, while high-volume intermediaries can earn bonuses of up to $10,500.

Conclusion

Joining an affiliate program is a common tactic by individuals and institutions to expand their business and utilise their network of financial professionals and interested investors.

Brokerage affiliates can capitalise on the growing number of investors and the increasing popularity of online brokerage platforms, earning a commission by referring new customers to a brokerage firm.